Purely speculation. XRP seems to be ranging, and has reached the "bottom" of the range.
It is also in a strong demand zone, so i could see more buyers entering into the asset.
We will keep an eye out to see how it moves, another move to the downside is not unexpected as well.
I noticed that the range of consolidation before the last two structural breakouts went from 80 bars to 60 bars.
There also is a consistent 16-18 bars after the second retest on prior support in both ranges of consolidation. Prior to a breakout of the resistance area created within the range of consolation.
I dont believe this is enough information to create a...
Using this as a tool to monitor my currently live trade, long on GBPUSD. Entry at 1.31518
Take Profit for this trade has been set at the next monthly price level, 1.32488 .
Partial profit will be considered at a price of 1.32000 .
Stop Loss is set at 1.31084
Based off of this basic TA, I can see XRP moving to the upside towards 0.44, after a move respecting the 61.8% retracement level. Fibonacci Extension tool has been drawn out aswell, and our target is the 161.8% Extension area. A downwards trending channel has been broken to the upside. There have been higher highs, and higher lows being created recently. Support...
LONG After market crashed due to negative news. Price is back to 0.78 from nearly 2.00. More downside is always a possibility, but this drop went directly to prior support area. Expecting support to hold, and for price to continue long for a correction in the market.
USDJPY Is currently in an up channel, and has had significant movement to the upside over the past week. We are looking for price to continue up respecting the consolidation within the channel.
Stop Loss is set at 25 pips.